Transaction Obligor definition

Transaction Obligor means an Obligor, the Shareholder, any Approved Manager who is a member of the Group or any other member of the Group who executes a Transaction Document.

Transaction Obligor means an Obligor, any Approved Manager who is a member of the Group or any other member of the Group who executes a Transaction Document.

Transaction Obligor means any person that is a party to a Finance Document (other than a Finance Party).

Examples of Transaction Obligor in a sentence

• Any Transaction Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.

• The Lender may set off any matured obligation due from a Transaction Obligor under the Finance Documents (to the extent beneficially owned by the Lender) against any matured obligation owed by the Lender to that Transaction Obligor, regardless of the place of payment, booking branch or currency of either obligation.

• Each Obligor shall, and shall procure that each other Transaction Obligor will, ensure that at all times any unsecured and unsubordinated claims of the Lender against it under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors except those creditors whose claims are mandatorily preferred by laws of general application to companies.

• Any representation or statement made or deemed to be made by a Transaction Obligor in the Finance Documents or any other document delivered by or on behalf of any Transaction Obligor under or in connection with any Finance Document is or proves to have been incorrect or misleading in any material respect when made or deemed to be made.

• No Transaction Obligor has any Financial Indebtedness outstanding other than Permitted Financial Indebtedness.

More Definitions of Transaction Obligor

Transaction Obligor means an Obligor, the Collateral Guarantor, the Collateral Shareholder any Approved Manager (other than Fidelity Marine (for so long it is not a member of the Group) and V.Ships) or any other person (except a Finance Party) who executes a Transaction Document.

Transaction Obligor means the borrower of any Transaction Advance.

Transaction Obligor means each Obligor, each Bareboat Charterer, any Approved Technical Manager who is a member of the Group or any other member of the Group who executes a Transaction Document.

Transaction Obligor means each Obligor, any Vessel Manager that is a member of the Group or any other member of the Group who executes a Loan Document;

Transaction Obligor means an Obligor, any Approved Manager or any other person who executes a Transaction Document (other than a Finance Party, any Charterer and any Affiliate of the Parent Guarantor which is a Subordinated Creditor).

Transaction Obligor means an Obligor, any Approved Manager who is a member of the Group or any other member of the Group who executes a Transaction Document. "Transaction Security" means the Security created or evidenced or expressed to be created or evidenced under the Security Documents. "Transfer Certificate" means a certificate in the form set out in Schedule 6 (Form of Transfer Certificate) or any other form agreed between the Facility Agent and the Borrower. "Transfer Date" means, in relation to an assignment or a transfer, the later of: (a) the proposed Transfer Date specified in the relevant Assignment Agreement or Transfer Certificate; and (b) the date on which the Facility Agent executes the relevant Assignment Agreement or Transfer Certificate. "Transition Commitment" means: (a) in relation to an Original Lender, the amount set opposite its name under the heading "Transition Commitment" in Part B of Schedule 1 (The Parties) and the amount of any other Transition Commitment transferred to it under this Agreement; and (b) in relation to any other Lender, the amount of any Transition Commitment transferred to it under this Agreement, to the extent not cancelled, reduced or transferred by it under this Agreement. "Transition Facility" means the term loan facilities made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities). "Transition Loan" means the aggregate amount of Advances to be made available under the Transition Facility or the aggregate principal amount outstanding for the time being of the borrowings under the Transition Facility. "Transition Ships" means each ship listed as Ship 19 to Ship 32 (inclusive), details of which are set out opposite its name in Part B of Schedule 10 (Details of the Ships). "UK Bail-In Legislation" means Part 1 of the United Kingdom Banking Act 2009 and any other law or regulation applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutes or their affiliates (otherwise than through liquidation, administration or other insolvency proceedings). "UK Establishment" means a UK establishment as defined in the Overseas Regulations.

Transaction Obligor means the Borrower and the Parent. "Transaction Security" means the Security created or evidenced or expressed to be created or evidenced under the Security Documents. "Unpaid Sum" means any sum due and payable but unpaid by the Borrower under the Finance Documents. "Utilisation" means a utilisation of the Facility. "Utilisation Date" means the date of a Utilisation, being the date on which the relevant Loan is to be made. "Utilisation Request" means a notice substantially in the form set out in Schedule 2 (Utilisation Request). "VAT" means: (a) any tax imposed in compliance with the Council Directive of 28 November 2006 on the common system of value added tax (EC Directive 2006/112); and (b) any other tax of a similar nature, whether imposed in a member state of the European Union in substitution for, or levied in addition to, such tax referred to in paragraph (a) above or imposed elsewhere. 1.2